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Summary Google is buying the Frommer's brand of travel guides.
Google Inc., which bought the Zagat restaurant review service in September, plans to use Frommers guides to hotels and destinations around the world to complement the Zagat listings.Google is buying Frommers from publisher John Wiley & Sons Inc. in a deal that includes John Wileys other travel-related businesses. Financial terms were not disclosed in Mondays announcement.Frommers got its start in 1957 with the publication of Arthur Frommers Europe on $5 a Day. Frommers now publishes more than 300 guidebooks and runs the Frommers.com website.John Wiley is trying to sell off a number of businesses that no longer fit with its long-term focus on professionals and education. In addition to travel, businesses up for sale include the companys culinary, general interest, nautical, pets, crafts, Websters New World and CliffsNotes businesses.John Wiley, which is based in Hoboken, N.J., says it plans to use the proceeds from the sales to support growth opportunities in its other businesses.The stock of Google, which is based in Mountain View, Calif, rose $12.80, or 2 percent, to $654.80 in afternoon trading Monday. John Wileys stock fell 17 cents to $47.42.
